Sugar Mills Delay New Crushing Season Again

For context, the Pakistan Sugar Mills Association (PSMA) has decided not to commence the new sugarcane crushing season before December, citing a substantial surplus of unsold sugar and delays in administration approval for exports.

Key points

• According to the association, around 1.1 million metric tonnes of surplus sugar remain in warehouses, even after the administration approved the export of 200, 000 tonnes.
• The association remarked deregulation had become unavoidable, warning that another substantial sugar surplus is anticipated by the end of the 2026-27 crushing season.
• The decision was taken unanimously during a PSMA General Body session held simultaneously in Lahore, Karachi, and Islamabad on Wednesday.
• The session additionally decided that sugar mill owners would hold a press conference in Lahore on November 16 to announce their future course of action.
• The general body authorized the PSMA Executive Committee to approach the administration with two key demands.

In practice, the decision was taken unanimously during a PSMA General Body session held simultaneously in Lahore, Karachi, and Islamabad on Wednesday. Mill owners from Punjab, Sindh, and Khyber Pakhtunkhwa attended the session. Sugar Surplus Reaches 1.1 Million Tonnes.

According to the association, around 1.1 million metric tonnes of surplus sugar remain in warehouses, even after the administration approved the export of 200, 000 tonnes. Nevertheless, millers stated the administration has yet to problem permission to export the approved quantity. Private Sector Bank Loans Jump 3, 700%.

They argued that starting a new crushing season without clearing existing stocks would further growth the surplus and place further financial pressure on the industry. Millers Demand Export Approval and Deregulation.

In practice, the general body authorized the PSMA Executive Committee to approach the administration with two key demands. These include immediate permission to export an extra 400, 000 metric tonnes of surplus sugar and the announcement of a long-awaited deregulation policy for the sugar sector.

For context, the association remarked deregulation had become unavoidable, warning that another substantial sugar surplus is anticipated by the end of the 2026-27 crushing season. It continued that delays in administration action could lead to further stock accumulation and mounting financial pressure on sugar mills.

In practice, the session additionally decided that sugar mill owners would hold a press conference in Lahore on November 16 to announce their future course of action.

Notably, the association additionally proposed sending a formal letter to the deputy prime minister, seeking a gathering to discuss the challenges facing the sugar industry. Stay Connected with ProPakistani.

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Taken together, the developments around sugar Mills Delay New Crushing Season Again point to a situation that is still moving, and the coming days should bring more clarity.